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December 23, 2013


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Thanks for sharing Millionaire 16!!

My favorite part of your post: "(2) Smile - even when talking on the phone. People can tell.".

That is just GOLD right there. I couldn't agree more. Rain or shine (no matter how you actually feel) -- a smiling can have an enormous ROI!! :-)


1.) At what age/point in your career did you start making a 6 figure income?
2.) How large is your current home?
3.) Did you make any big financial mistakes along the way that you needed to push through and overcome?

Excellent profile - thanks again!!

Great job, and congrats on your financial success. Thanks for sharing your story.

"(personally, I'm hoping for another significant market correction in the next few years). "

I smiled when I read this. People think I'm nuts when I say that!

Great job and thanks for sharing.

I believe only day traders stand to benefit from market correction. If you are like me and all the others here investing in a balanced portfolio of mainly index funds, then you definitely do NOT want market corrections. What you want is an efficient economy with the right mix of government regulation, inflation, and full employment to maximize potential GDP.

We can all now be full time patriots and quit the longing for market corrections.


I guess I wouldn't say I'm hoping for a market correction. It would be great if the market return took a nice slow upward path my whole life. However, that just is not reality. We all know there WILL be a market correction. So what I'm saying is that when that correction happens, I'd like to have a significant amount of time prior to my retirement to fully participate in the recovery.


Thanks for the nice comments - I answered your questions earlier, but it doesn't seem as if they posted:

(1) I think I was 32 or 33 when I reached a six figure salary. I see a lot of people that reach that point earlier using the tactic of switching jobs to boost salary. I respect that. However, I've stayed with the same firm for 20 years. I've probably given up some on salary, but have certainly gained in security, influence within the company, and I'm now up to about five weeks of vacation annually.
(2) Our home is 2,700 square feet. It's plenty big for our family of four. We think we could make do with less space if we needed to. The quality of the home, layout and function is probably more important to us than the space. Less square footage is less stuff to by and less house to heat/cool.
(3) I've made plenty of mistakes. Off the top of my head, I leased a car in my mid-twenties because it was the only way I could afford it at the time. I learned my lesson. Also, I bought a few stocks that did real well, but just as many that were mistakes. The lesson for me was to deal in mutual funds and now lower cost index funds exclusively for the past 10 years. It's worked well.

Update: Since I originally answered the interview questions, net worth has increased to $1,126,503 - most of this has been driven by the bull market the past three months. Also, I've received a 5% raise at work. Finally, we decided to reap some of the market gains and sell some things to free up enough cash to retire our mortgage. Priceless look on the Wells Fargo teller's face when I handed her a check for $17,000 and told her I wanted to make my final payment....:)

Congrats, #16! Thanks for telling your story. Nice job on the mortgage, you made it sound easy but you are being humble. We all know what you mean, when you say you are 'hoping for a market correction'; it is coming, and you have some 'dry powder' to take advantage of an entry-point with greater upside and less risk. Continued success to you and your family!

Thanks for the encouragement....happy holidays to you!

Wish you had a picture of the teller!
Good to know there are others out there doing it the old-fashioned way: spend less, save more and learn from your mistakes.
Though I don't agree (for me) about paying off my RE holdings since I can make more in the equity markets than I pay on an aftertax basis for the loans, it works for many people.
I do agree that marrying someone with compatible values and economic goals is a make-or-break part of the plan.
Thanks for sharing.

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